Common use of Exchange Public Data and Exchange Trading Data Clause in Contracts

Exchange Public Data and Exchange Trading Data. All information and data relating to pre-trade orders and post-trade transactions covering trading-related activities excluding Member’s Private Data (the “Exchange Public Data”) and all Exchange Public Data combined with Member’s Private Data (together the “Exchange Trading Data”) shall be the subject matter of a data agreement between Member (or a data service provider authorized by the Exchange) and the Exchange (a “Data Agreement”). Member may not use, disclose, provide access to or otherwise exploit the Exchange Public Data, Exchange Trading Data or any data feed containing quotation or trade information originating from the Exchange Systems except as provided in section 11(b) or pursuant to a Data Agreement.

Exchange Public Data and Exchange Trading Data. All information Information and data relating to pre-trade orders and post-trade transactions covering trading-related activities excluding Member’s the Exchange Private Data (the “Exchange Public Data”) and all Exchange Public Data combined with Member’s Exchange Private Data (together the “Exchange Trading Data”) shall be the subject matter of a one or more data agreement agreements between Member and the Exchange (or a data service provider authorized by the Exchange) and the Exchange (each a “Data Agreement”). Member may not use, disclose, provide access to or otherwise exploit the Exchange Public Data, Exchange Trading Data or any data feed containing quotation or trade information originating from the Exchange Systems except as provided in section 11(b) or pursuant to a Data Agreement.